Shipyard news

US-Flag MV MAJ RICHARD WINTERS had major work done at a Polish shipyard. Look at pages 5 and 6 of the newsletter.

It makes perfect sense to me to build ships of this size. For small countries consolidating cargo to send on a mega sized ship doesn’t make any sense at all. The cost of developing the infrastructure to cope with servicing these behemoths and delays in payments to smaller exporters makes no economic sense whatsoever.

Ship Orders Surge as Carriers Rush to Add Capacity:

As of the end of April 2021, Yangzijiang Shipbuilding has secured 75 new orders for ships with a total contract value of $4.01 billion this year.

Europe is holding back on it’s approval of Korean mega merger:

But life must go on despite adverse events: